Saturday, January 24, 2009

Microsoft loses $100M from Zune

The blogosphere is buzzing with rumors that Microsoft is slowly going out of the mp3 market and abandoning it’s zune device and marketplace. This came after news of Microsoft’s Form 10-Q SEC filing which according to the filing, “Zune platform revenue decreased $100 million or 54% reflecting a decrease in device sales.”

Even Intel, the world’s biggest computer chip maker, closed it’s Philippine plant (Malaysia and USA as well) leaving 1,800 jobless. So, maybe it’s the effect of recession all around the globe that's affecting Microsoft and every other tech company out there.

Do you think that Microsoft will abandon the Zune anytime zoon? I hope not!

via Engadget

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